Townsend & Associates Inc Makes New $15.01 Million Investment in TCW Compounders ETF $GRW

Townsend & Associates Inc bought a new stake in shares of TCW Compounders ETF (NYSEARCA:GRW) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 472,723 shares of the company’s stock, valued at approximately $15,012,000. Townsend & Associates Inc owned 11.70% of TCW Compounders ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of GRW. Goldman Sachs Group Inc. purchased a new position in TCW Compounders ETF during the first quarter worth approximately $3,976,000. Avalon Capital Management acquired a new position in shares of TCW Compounders ETF during the 2nd quarter worth approximately $3,599,000. Envestnet Asset Management Inc. acquired a new position in shares of TCW Compounders ETF during the 2nd quarter worth approximately $827,000. MML Investors Services LLC purchased a new position in shares of TCW Compounders ETF during the 2nd quarter valued at approximately $826,000. Finally, Tempus Wealth Planning LLC purchased a new position in shares of TCW Compounders ETF during the 2nd quarter valued at approximately $634,000.

TCW Compounders ETF Stock Performance

TCW Compounders ETF stock opened at $31.09 on Friday. The stock has a market capitalization of $111.30 million, a P/E ratio of 42.06 and a beta of 0.74. The company’s fifty day moving average price is $31.25 and its 200 day moving average price is $32.51. TCW Compounders ETF has a 1 year low of $29.35 and a 1 year high of $35.37.

About TCW Compounders ETF

The TCW Compounders ETF (GRW) is an exchange-traded fund that mostly invests in total market equity. The fund is an actively managed fund of global equity securities of companies benefiting from economic transformation. It emphasizes large-cap companies and seeks long-term growth of capital. GRW was launched on May 6, 2024 and is issued by TCW.